The exchange holding company Intercontinental Exchange (ICE) announced that the first “block” transaction for the sale of a bitcoin option with monthly payments from Bakkt was made on the ICE Futures U.S. platform.
This transaction was conducted between the investment company Galaxy Digital Trading and the cryptocurrency platform XBTO. According TO ice Futures U.S. President Trabue Bland, options based on bitcoin delivery futures are a new tool for saving capital, trading and managing volatility, as well as for managing risk and generating revenue.
Galaxy Digital Trading representative Josh Lim is confident that as the institutional market develops, deep liquidity of digital assets will be formed. He added that the appearance of bitcoin options with centralized clearing on a regulated us exchange is an important event in the market.
In turn, THE xbto management stated that by launching bitcoin options on a large trading platform, ICE and Bakkt provided professional traders with tools for effective risk management. XBTO supports the development of products for institutional investors, considering that such products are becoming more popular in the digital asset market.
This month, the Bakkt platform launched the first regulated options and futures for bitcoin with payments in Fiat currency, and in November it opened the Bakkt Warehouse custodial service for institutional investors.